sector in a model of equilibrium unemployment. We find that higher firing costs may even reduce temporary work agency …

We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment … unemployment persistence by its adverse impact on growth, and may even destabilize the adjustment path. If this is the case, a … future fiscal consolidation is needed which further raises unemployment. These results are consistent with empirical evidence …

with problems of measuring inflation in Gerrnany. This paper met with a lively response. The Research Group of the …

, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are …

-induced) outside option of workers, such as a decrease in unemployment benefits, public wages or, to a lesser extent, public …